Make your ISA count
You currently have an annual ISA allowance of £20,000. You can put that £20,000 into a Stocks and Shares ISA, a Cash ISA, or a mix of both. However, from April 2027 the government is planning to reduce the Cash ISA allowance for under 65s to £12,000, so if you haven’t previously considered investing in a Stocks and Shares ISA, now might be a good time to do so. It’s a mid to long term investment (ideally 5+ years) that has the potential to outperform Cash ISAs.
If you don’t use it, you’ll lose the unused ISA allowance for this tax year. And with it, the chance to enjoy any potential income or capital growth free of UK Income Tax and Capital Gains Tax.
If you have eligible children who are under 18 and living in the UK, you can also invest up to £9,000 per child in a Junior ISA each tax year. Just be aware that the child can’t have a Child Trust Fund as well as a Junior ISA.
Make time for your pension
Most people aged under 75 can contribute to their pension up to the level of their earnings, capped at £60,000 each tax year, and receive tax relief. For every £80 you invest the government will add £20. If you pay higher rates of Income Tax, you can claim additional tax relief directly from HMRC. As well as boosting your retirement income, pensions are an effective way of sheltering any growth from UK Income Tax and Capital Gains Tax.
From age 55 (57 from April 2028) you can take up to 25% of your pension as a tax-free lump sum or a series of tax-free payments. In most cases, the maximum tax-free cash you can take across all your pensions is £268,275, unless you’ve registered for protection.
Explore our ISA products
Our Stocks and Shares ISAs enable you to:
• Choose how your money is invested by selecting funds to match your appetite for risk.
• Start small, investing from as little as £50 a month and/or a £1,000 lump sum.
• Start, stop, and restart regular payments or change the amount at any time.
Explore our pension product
Our Select Pension Plan enables you to:
• Choose how your money is invested by selecting funds to match your appetite for risk.
• Switch from one fund to another or change where your future payments are invested.
• Start small, investing from as little as £50 a month and/or a £1,000 lump sum.
• Start, stop, and restart regular payments or change the amount at any time.
• Track the performance of your investment through the ‘My Investments ’ online platform.
Important things to remember
The value of investments can rise or fall, and you may get back less than invested.
The tax treatment depends on individual circumstances and may change in the future.
NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers. When you get in touch, we’ll explain the advice services we offer and our charges.
Financial advice is provided by NFU Mutual Select Investments Ltd.
Looking for financial advice?
If you’re not sure how to put your financial plan in place, one of our NFU Mutual Financial Advisers can help. They'll be able to recommend products that are right for you based upon your personal circumstances. You can book an appointment with an NFU Mutual Financial Adviser by either calling: 0800 622 323 or requesting a call back.